An ever-present problem faces freelancers and new business owners. The issue is cash flow and is the cause of a looming dread as you see your expenses mounting up with no return. If one of the issues with your cash flow is not knowing how to send an invoice correctly, you might be about to fix the problem.
Almost 25% of business owners worry about this issue, and it’s solvable in such an easy way. If you work at mastering sending invoices, you’ll have eliminated one chunk of your problems.
What is the best way to send an invoice, though? We’ll go through the details to help you get that invoice payment.
Lay Your Groundwork First
If you’re new to the business, this might seem awkward. You must discuss payment with a client before starting with your work. Make it clear when you wish for the invoice payment and what form it will take.
This way, you know that you and the client are on the same page before sending an invoice.
When Is the Right Time?
The polite time to send an invoice is after you complete the work. There’s no set rule on how soon after it should be, and you can send an invoice to accompany the work you’ve done. You shouldn’t feel any guilt about it, which will be absent if you keep our previous step in mind.
Something to keep in mind is doing this as soon as possible, rather than leaving it until later. Different businesses and clients may pay out invoices at specific times and intervals. You don’t want to wait for weeks to have your invoice paid.
How to Send an Invoice?
A PDF is your best bet for the file format when sending invoices. Almost every modern business or client will utilize email, so you can attach your invoice to an email and get it sent off immediately.
If you don’t know how to send an invoice via email, you might want to consider using a free invoice generator to do all of the leg work for you.
One of the bonuses about using a tool like this to create your invoice is that it’ll look good. You can brand the invoice without having to create or edit a template and don’t need any design experience.
Keeping Your Cash Flow Moving
Now that you’ve solved the problem of how to send an invoice, you’re halfway to success. All that’s left to do is keep doing what you do best, whether it’s your freelancing work or the running of your business. That’s easier said than done, of course, but we’re here to help with that too.
Part of making something successful is keeping your eyes and ears open for the right business and lifestyle advice.
If that’s something you’re interested in, all you need to do is keep visiting our blog. We’re sure to have more great advice for your business, so read on!